Type of Mortgage Loans
Mortgage loans are used to purchase or build new home and refinance existing loans. They can be divided into 3 distinct categories: conventional loans, government-issued/guaranteed loans, and Non-conforming loans. In addition to these categories, a loan may be conforming or non-conforming. This is determined by the amount. Loan amounts that are within Fannie Mae and Freddie Mac limits are conforming loans. Non-conforming loans are over these established limits, and are usually referred to as jumbo loans.
Choosing the right mortgage that best fits your needs can be a challenging task. Working with Florida Home Funding ensures you will have a trusted mortgage professional guiding you to find the mortgage that best fits your short term, and long term mortgage needs.
When it comes to getting a mortgage
you have more options than you think